Quote:
Originally Posted by techguyone
Are they illegal though?
see if I pick a UK bank that offers low tax & good rates I'm 'clever' and applauded, if I do the same with an offshore one, I'm a cheater, illegal or immoral, makes no sense. Surely my money, I do what I want with it, just like you can if you wish.
I hear so much champing about 'its illegal' and 'youre sooooo badd'
Then, when the red mist clears, it turns out , it's not actually illegal at all, then some chump goes on about 'well it's immorallll'
Putting your money in a place that best serves your purpose isn't anything but smart - provided it's not illegal, people should get over that.
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Not being smart here, but does declaring false income to HMRC (Grossly less than you earn) while routing money off-shore avoiding tax on things like capital gains etc by using shell companies etc count?
That's basically what this company specialised in, going as far as to inventing these shell companies for their clients. There's tax avoidance, which is legal and frankly nearly everyone would "optimise" their tax given the chance, and there's evasion, which I'm going to guess this company veered into, lots.
Doing your best to fool the tax offices of your home country and run off with the cash isn't just immoral, but illegal and those of us on PAYE etc have a right to ask for any UK evaders to be chased and charged with any wrongdoing.